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SCHWAB v. REILLY

No. 08-538.

130 S.Ct. 2652 (2010)

560 U.S. 770

William G. SCHWAB, Petitioner, v. Nadejda REILLY.

Supreme Court of United States.

Decided June 17, 2010.

Attorney(s) appearing for the Case

Craig Goldblatt, for petitioner.

Jeffrey B. Wall, for the United States as amicus curiae, by special leave of the Court, supporting petitioner.

G. Eric Brunstad, Jr., for respondent.

William G. Schwab, Joseph G. Murray, William G. Schwab & Associates, Lehighton, PA, Jason Zac Christman, Newman, Williams, Mishkin, Corvelyn, Wolfe & Fereri, P.C., Stroudsburg, PA, Seth P. Waxman, Craig Goldblatt, Counsel of Record, Danielle Spinelli, Daniel S. Volchok, Leslie S. Garthwaite, Nathan A. Bruggeman, Wilmer Cutler Pickering Hale and Dorr LLP, Washington, DC, for petitioner.

Gino L. Andreuzzi, Drums, PA, G. Eric Brunstad, Jr., Counsel of Record, Collin O'Connor Udell, Matthew J. Delude, Alexander R. Bilus, Michael J. Newman, Joshua Richards, Justin C. Danilewitz, Kate O'Keeffe, Francesco P. Trapani, Dechert LLP, Hartford, CT, for Respondent.

Justice THOMAS delivered the opinion of the Court.

When a debtor files a Chapter 7 bankruptcy petition, all of the debtor's assets become property of the bankruptcy estate, see 11 U.S.C. § 541, subject to the debtor's right to reclaim certain property as "exempt," § 522(l). The Bankruptcy Code specifies the types of property debtors may exempt, § 522(b), as well as the maximum value of the exemptions a debtor may claim in certain assets, §...

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